Looking to diversify beyond CMF? The ETFs below have the lowest correlation with CMF — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CMF.
Best Diversifiers for CMF
1095 ETFs have low correlation with CMF (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.33 | -0.37 | 75 | Leveraged Currency | CMF vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.14 | -0.08 | 72 | Oil & Gas | CMF vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.27 | -0.11 | -0.06 | 51 | Commodities | CMF vs PDBC | |
| United States Commodity Index Fund | -0.24 | -0.08 | -0.03 | 65 | Commodities | CMF vs USCI | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.23 | -0.08 | -0.03 | 65 | Commodities | CMF vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMF and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.08, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.08 | 0.05 | 0.09 | 69 | Technology | |
| Intel Corporation | 0.09 | 0.08 | 0.11 | 98 | Technology |
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